Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Morocco Says to Follow UN Rules in Disputed Sahara Oil Hunt

change text size

Reuters

LONDON, Feb 5 (Reuters) - Morocco has joined France's Total and U.S. explorer Kosmos to formally pledge that their hunt for oil off the coast of disputed Western Sahara will comply with international rules and the local population would benefit from discoveries.

Morocco has issued exploration licences for blocks in Atlantic waters off Western Sahara, a desert tract that it mostly controls but which is also claimed by an Algerian-backed independence movement that deems those contracts illegal.

The Western Sahara dispute has rarely made world headlines since 1991, when a U.N.-brokered ceasefire ended a 15-year war between Morocco and the Algerian-backed Polisario movement.

But the intentions of Total and Kosmos to step up exploration plans have brought one of Africa's oldest territorial disputes into focus. Kosmos has said it plans to drill its first exploration well off Western Sahara this year.

Morocco's two declarations, signed separately with each of the companies, represent the North African state's clearest commitment yet to respect international rules and seek local involvement in oil and gas exploration activities in an area it considers part of its historic "southern provinces".

"The exploration and production of hydrocarbon natural resources will contribute in a transparent manner to the development of the regions concerned," states the declaration signed by Kosmos and Morocco's National Office of Hydrocarbons and Mines (ONHYM) dated Dec. 19, but released on Wednesday.

Another letter signed by Total and posted on the website of ONHYM, a partner in both projects, makes a similar pledge.


123

View Full Article

Copyright 2015 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Young Obonna | Feb. 13, 2014
What is delaying the UN referendum? The UN should take the initiative and conduct the referendum, and everybody must abide by the outcome. The lives and aspirations of millions are at stake. Further delay means insensitivity and criminal negligence.


Related Companies

Most Popular Articles
From the Career Center
Jobs that may interest you
Senior Project Controls Manager
Expertise: Operations Management|Project Management|Risk Management
Location: Houston, TX
 
GSC SAP Materials Management Team Lead
Expertise: IT - SAP / ERP|Supply Chain Management
Location: Houston, TX
 
Maintenance Mgr-Rotating Equipment
Expertise: Drilling Engineering
Location: Lake Charles, 
 
search for more jobs